NewGold has announced the issuance of an additional 100,000 NewGold Platinum Debentures, further expanding the NewPlat ETF offering. The debentures were issued at an approximate price of R166.00 per unit, effectively increasing the total number of NewGold Platinum Debentures in circulation to 49,400,000.
The NewPlat ETF, traded under the JSE share code “NGPLT” and NSX share code “NGNPLT,” provides investors with exposure to the performance of the platinum market. This latest move by NewGold demonstrates its commitment to meeting the growing demand for platinum-related investment opportunities.
Platinum, a precious metal widely used in various industries, including automotive, jewelry, and electronics, has witnessed an increase in demand in recent years. As a result, investors are seeking accessible avenues to capitalize on the potential growth in the platinum market.
By issuing additional debentures, NewGold aims to cater to the rising demand from investors and expand the availability of investment options tied to the platinum industry. The approximate issue price of R166.00 per debenture was carefully determined, taking into account market conditions and investor interest.
Investors in the NewPlat ETF can benefit from the flexibility and diversification offered by the debentures. The debentures provide a cost-effective way to gain exposure to the platinum market without the need for physical ownership or managing individual platinum assets.
With the addition of 100,000 debentures, NewGold aims to provide investors with enhanced investment opportunities and broaden their access to the platinum market’s growth potential. By continually adapting to market demands, NewGold remains dedicated to delivering innovative investment products to meet the evolving needs of investors.